Well! DJIA is 5200+ points and counting from our below entry. Now, the market is a bit tired, and few of our indicators turned negative today, waiting for the remaining to turn red before we move to sidelines.
If you understand Darwinism & Capitalism well, and if you can control/master the two strongest human emotions(fear & greed), then you have a big edge in the market.
Despite the DJIA(just 7 stocks) hitting ATH's, the rest of the market is in a tight range for the past four months. Elevated volatility and also several indicators are not in sync. Sidelines for now.
Despite the DJIA(just 7 stocks) hitting ATH's, the rest of the market is in a tight range for the past four months. Elevated volatility and also several indicators are not in sync. Sidelines for now.
No matter how advanced the AI, algorithms, speed, etc., Patterns repeat, because human nature hasn't changed since existence, and there lies $450T of wealth.
@CJHolme38629827 Before the spending starts, the markets will start moving up. Our entire growth for the past 25 years came from borrowing, and govt spending. Just look at our national debt from where it was then, and where it is now.
Everything the Crypto investors were touting about turned out to be FALSE. Crypto is all about trading & timing(IN/OUT), lot of money can be made/lost, and that has nothing to do with the underlying asset. BTW, no central bank to bail out!
Market is pretty much at the same place from when we left on Nov 3rd. Didn't miss anything, except avoided all the dilly-dally. Btw, the Yen carry trade is unwinding slowly, more pain ahead!
Inflation hit a 31-year high, that's what happens when you borrow & pump $8T(40% of the GDP) into the economy within 18 months. It's great for investors, but the workers get the shaft! Now you know, Who the policy makers work for.